57 Office Buildings for Sale in Austin, TX

The sale of Indeed Tower in Austin placed 14th in the top 50 of U.S. office sales in 2021. The deal closed in June for $580 million, transferring ownership of the 708,438 square feet of Austin office space from Trammell Crow to Kilroy Realty.

Despite the Austin’s mid-range performance among its peers in the suburban category, its CBD significantly outperformed DFW and Houston. Specifically, 16% of new office space in Austin was downtown, totaling more than 6 million square feet across 37 properties

Office construction looks to be returning to the trendline it was on prior to the pandemic. Austin office space construction is leading the nation with 10.6% of its total inventory in the construction pipeline.

Atlanta-based publicly traded real estate investment trust Cousins Properties (Cousins) recently announced the sale of one of its central Austin portfolio assets at 816 Congress Ave. in Austin, Texas, for a gross price of $174 million.